Beware of Plug Power's Newest Amazon Deal

By Travis Hoium – Updated Sep 6, 2022 at 1:01PM

NASDAQ: PLUG

Plug Power

Market Cap

$2B

Today's Change

(6.52%) $0.15

Current Price

$2.45

Price as of May 2, 2024, 4:00 p.m. ET

Plug Power is signing more big supply agreements, but history tells us this won't end well for shareholders.

Plug Power (PLUG 6.52%) signed another seemingly impressive supply agreement with Amazon (AMZN 3.20%), continuing a relationship that goes back to 2016. This video goes into how Plug Power has performed since it became an Amazon partner and why investors should beware.

*Stock prices used were the end-of-day prices of Sept. 2, 2022. The video was published on Sept. 6, 2022.

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he'll earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.